The United Kingdom railway engineering market is estimated to have received government support in 2012 of around £3.918 billion. This is down from a high of £6.308 billion in 2007, as investment has fallen 26% between 2008 and 2012, with a 2% drop noted in 2012.
The primary form of government funding is through Direct Rail Support which comprises Network Grant payments to Network Rail, and includes payments to London and Continental Railways during the construction of the High Speed 1 route. The level of Direct Rail Support has been declining since 2009, but in 2012 was increased by nearly 2%.
In CP5 (Control Period 5), covering 2014-2019, Network Rail's policy is to maintain the level of track performance targeted for the end of CP4. There is an extended range of refurbishment and maintenance options that offer an alternative to full renewal. There will be an increased focus on switches and crossings, and significantly more units will be treated than in CP4. Off track, a policy has been developed to apply the same approach to fencing and vegetation as is adopted in other infrastructure asset disciplines. Moving from a reactive approach to failed assets to one with intervention criteria.For more information on the United Kingdom railway engineering market, please click here: United Kingdom railway engineering market
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